RE:Idiot bashers wrong againlscfa wrote: Dumbasses can not see any growth for the company or the stock price because their dd sucks.
First, an undervalued co. does not need a news release to jump. It just needs the market to wake up. One comment by a money manager, analyst, newsletter writer and the stock takes off.
Second, there is lots of potential for growth. PHM is in an industry that is growing organically due to an aging demographic and it offers the busted US healthcare system a way to reduce bloated hospital costs.
In the shorter term the DME industry is lobbying govt. for a 20% increase in reimbursement rates for ventilator rentals which the co. said has a 50/50 chance of succeeding. If it doesn't more small mom and pop shops go out of business and larger players like PHM gain market share.
I agree with some of what you said, but i completely disagree with "does not need a news release to jump". Usually the market "waking up" is the direct result of a positive news release that in fact a company has turned a corner. One thing this company is lacking is transparency and with quarterly reports on sedar released on "going concern basis" can't be ignored by the market forever unfortunately. This isn't bashing this is just realistic thinking. If this turns into a positive EPS per quarter story then I think the market will turn bullish on this play again, and i do believe the potential is there. However I like to commit capital more on "certainty" than "potential" unless of course it's for trading.
That said I also agree that there is potential for growth in this industry and I'm not denying that at all. However flat revenue guidance Q over Q on a supposedly growing Viemed side I'm sorry to say doesn't look flattering short term hence why the market is punishing this play accordingly. Sit and wait awhile here that's all I'm saying. If this goes to 70 cents next month you can slam me all you want, but there are no expected catalysts on the horizon here so I don't see it happening now for the balance of the year. I'm sorry but argue this from any angle you guys like but there was nothing in the Q that signalled any medium term excitement. Cheers